FINANCE

Caixin Summit: PBOC to Advance Yuan’s Global Role as Reliable New Option

Published: Nov. 14, 2025 5:29 p.m. GMT+8

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Tao Ling. Photo: Caixin

China’s yuan internationalization provides a reliable new option for global trade and investment, injecting stability into the international financial system, a top central bank official said.

The push to promote the yuan’s global use is in response to market demand and evolving economic conditions, Tao Ling, a deputy governor of the People’s Bank of China (PBOC), said at the 16th Caixin Summit.

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China is promoting yuan internationalization to offer a stable alternative for global trade and finance, with cross-border yuan settlements reaching nearly 10 trillion yuan ($1.4 trillion) in the first three quarters of this year.
Over 80 central banks hold yuan in their reserves, and the currency ranks third in IMF’s SDR basket and global payments, and second in trade finance.
Challenges include U.S. dollar dominance, China’s limited capital account openness, and restricted offshore yuan liquidity.

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